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Commercial Property Purchased 3) ;4) ; 2. Both parties concerned agree to deal with the difference on the following principles, 1) Where the absolute value of the area difference ratio is smaller than 3% (including 3%), the price shall be settled according to the actual area;2) Where the absolute value of the difference ratio is greater than 3%, the purchaser is entitled to return the property. Where the purchaser decides to return the property, the seller shall refund the price to the purchaser which has been paid by the purchaser within 30 days as of the purchasers proposal of returning the property and shall pay the interest in conformity to the loan interest rate in the same period of the Peoples Bank of China.Where the purchaser does not return the property and the registered area of the property title is larger than that agreed in the contract, the house price incurred from the area difference ratio within 3% (3% included ) shall be made up by the purchaser; the house fund incurred from the area difference ratio above 3% shall be paid by the seller and the property title is owned by the purchaser; if the registered area of the property title is smaller than that agreed in the contract, the seller shall refund the corresponding fund to the purchaser to the absolute value of the area difference ratio within 3% (3% included) and twice the corresponding fund to the absolute value of the area difference ratio above 3%. Area difference ratio = (registered area of property title area agreed in this contract)/ area agreed in this contract 100% In case that both parties concerned dont rescind this contract under the circumstances of the area difference resulted from the alteration of the design, they shall conclude supplementary agreements.Article VI Payment Method and TermThe purchaser shall settle the payment through the 3rd method on time as follows,1. Payment by lump-sum .2. Payment by installment .Article XVII Both parties concerned may make agreements on the following matters,1. The use right for the roof surface of the building where this commercial property is located shall be subject to co-ownership proprietor ;2. The use right for the outer wall surface of the building where this commercial property is located shall be subject to co-ownership proprietor ;3. The naming right for the building where this commercial property is located shall be owned by the seller applying for the approval of concerned department 4. The naming right for the residential quarter where this commercial property is located shall be owned by the seller applying for the approval of concerned department 5. ;6. .Article XVIII This commercial property of the purchaser shall only be used for apartment and the purchaser shall not change its main structure, loading structure and intended use without authorization. Except as otherwise provided in the contract or the attachment thereof, the purchaser is entitled to share the public places and facilities related to this commercial property with other title holders during use and shall assume corresponding obligations according to the covering area and the apportioned floor area for public places and shared housing.The seller shall not arbitrarily change the use nature of the public places and facilities related to this commercial property.Seal for Beijing Real Estate Development Co. LtdArticle XIX The disputes incurred from performing this contract shall be settled by both parties concerned through negotiation; in case that the negotiation fails, the settlement shall be made in the 2nd method as follows,1. Submit to Arbitration Committee for arbitration.2. File a lawsuit to the Peoples Court in accordance with the law.Article IIX For anything not covered in this contract, both parties concerned shall agree to conclude a supplementary contract (Attachment IV).Article IIXI The attachments to this contract and the contract shall bear the same legal force. And the characters filled in the blanks and printed text therein shall bear the same legal force.Article IIXIV This contract contains pages in total with its attachments. And it, prepared in quadruplicate with two copies for the seller, one for the purchaser and the other for the real estate transaction department, bears the same legal force.Article IIXV This contract shall enter into effect upon the date when both parties concerned conclude it.Article IIXVI The seller shall apply for registration records to Beijing Municipal Administration Bureau of Stated Land Resources and Housing within 30 days as of the date when this contract comes into effect on pre-sale of the commercial property.Seller (signature/seal): Purchaser (signature/seal):Jie XU (signature)【Legal representative】: REN(illegal sign
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